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Irina18 [472]
3 years ago
7

Which of the following comes closest to the value at the end of year 6 of investing $600 today (year 0) and then investing anoth

er $600 at the end of year 5 if the interest rate is 3%?
a. $ 1,434
b. $ 1,334
c. $ 1,542
d. $ 1,383
e. $ 1,487
Business
1 answer:
cestrela7 [59]3 years ago
5 0

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Investment= $600 today and $600 at the end of year 5

Interest rate= 3%

To calculate the final value, we need to apply the following formula on each investment:

FV= PV*(1+i)^n

FV= 600*(1.03^6)= $716.43

FV= 600*(1.03^1)= $618

Total FV= $1,334.43

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What does the European Central Bank (ECB) and the Eurogroup<br> manage in economic/monetary terms?
oksian1 [2.3K]

Financial and economic stability is controlled and enforced by the European Central Bank (ECB).

<u>Explanation: </u>

The main goal is to control markets and to promote economic growth as well as the development of jobs.

Specifies the inflation it loans to the Euro-zone financial institutions, thus regulating money supply and prices.

  • Managed financial assets of the euro and the sales and acquisition of assets to align market prices.
  • Secure the European financial framework and maintain its sustainability.
  • Controlling market trends and assessing controlling inflation threats.
  • Authorizes Euro coin manufacturing by Euro area countries.
5 0
3 years ago
The RBS Company currently buys their supplies from Supplier X which presently has a supplier score of 85.0. The RBS Company is n
Sav [38]

Answer:

84

Supplier X

Explanation:

The computation of supplier Y score is  shown below:

Supplier Y Score is

= Supplies Y rating × weight

= 80 × 0.5 + 90 × 0.1 + 85 × 0.3 + 95 × 0.1

= 40 + 9 + 25.5 + 9.5

= 84

As we can see that the supplier score of X is 85 which is greater than the supplier score of Y

Hence, the supplier X should be selected by the RBS company

8 0
3 years ago
What entry is made to establish a petty cash book?
ollegr [7]
Someone must write a check
8 0
3 years ago
Read 2 more answers
Real GDP per capita is NOT an adequate measure of
mrs_skeptik [129]

Answer:

The correct answer is the well-being of each person in an economy.

Explanation:

Also known as the "Standard of living", this is something that cannot be reflected from the per capital income, whether it's nominal or real. The reason is when you divide the GDP from the population, the assumption is all the GDP is distributed among the population equally.

But this is not the case in the real world and there are many variances, discrimination, discrepancies and inequalities when the wealth and resources are distributed.

5 0
3 years ago
Your trip to was great, but it unfortunately ran a bit over budget. However, you just received an offer in the mail to transfer
serg [7]

Answer:

with the new rate we will pay in 58 months.

if there is 2% commision charge: 59.35 = 60 months

Explanation:

Currently we owe 10,000

This will be transfer to a new credit card with a rate of 6.2%

We are going to do monthly payment of 200 dollars each month

and we need to know the time it will take to pay the loan:

We use the formula for ordinary annuity and solve for time:

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C  $200.00

time n

rate 0.005166667 (6.2% rate divide into 12 months)

PV $10,000.0000

200 \times \frac{1-(1+0.0051667)^{-n} }{0.0051667} = 10000\\

We arrenge the formula and solve as muhc as we can:

(1+0.0051667)^{-n}= 1-\frac{10000\times0.0051667}{200}

(1+0.0051667)^{-n}= 0.74166667

Now, we use logarithmics properties to solve for time:

-n= \frac{log0.741667}{log(1+0.0051667)

-57.99227477 = 58 months

part B

If there is a charge of 2% then Principal = 10,000 x 102% = 10,200

we use that in the formula and solve:

(1+0.0051667)^{-n}= 1-\frac{10200\times0.0051667}{200}

(1+0.0051667)^{-n}=0.73650000

-n= \frac{log0.7365}{log(1+0.0051667)

-59.34880001 = 59.35 months

6 0
3 years ago
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